IA Gets Federal Grant for Insurance Exchange
by Associated Press
January 17, 2013 3:47 PM
Iowa has received more than $6.8 million in federal money to help build its new health insurance exchange.
The U.S. Department of Health and Human Services announced the one-year grant Thursday.
The level one funding is used to conduct insurance market research and analysis. The state's public health department can use the money to determine what financial resources are needed for individuals, small businesses, coverage appeals and complaints.
Gov. Terry Branstad announced last month that Iowa would create a state-federal partnership exchange instead of a state-based exchange. The exchange system is a requirement of the federal health care law.
Health officials say Iowa has now received more than $40 million in federal grants to build its exchange.